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    <title>CMM can take secured asset possession within jurisdiction. Impugned order outside limits void. Approach DRT u/s 17 for creditor enforcement.</title>
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    <description>Territorial jurisdiction of CMM assessed. DRT has jurisdiction to determine if secured creditor&#039;s enforcement of security is as per Act. CMM has authority to take possession of secured asset within jurisdiction, but impugned order without jurisdiction as property situated outside CMM&#039;s territorial limits. Petitioner ought to approach DRT u/s 17 of SARFAESI Act. Impugned order suspended for one week to approach DRT. Petition disposed of.</description>
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    <pubDate>Thu, 25 Jul 2024 08:04:34 +0530</pubDate>
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      <title>CMM can take secured asset possession within jurisdiction. Impugned order outside limits void. Approach DRT u/s 17 for creditor enforcement.</title>
      <link>https://www.taxtmi.com/highlights?id=79696</link>
      <description>Territorial jurisdiction of CMM assessed. DRT has jurisdiction to determine if secured creditor&#039;s enforcement of security is as per Act. CMM has authority to take possession of secured asset within jurisdiction, but impugned order without jurisdiction as property situated outside CMM&#039;s territorial limits. Petitioner ought to approach DRT u/s 17 of SARFAESI Act. Impugned order suspended for one week to approach DRT. Petition disposed of.</description>
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      <pubDate>Thu, 25 Jul 2024 08:04:34 +0530</pubDate>
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